4 Stocks on the Uptrend - HCH, EVO, LHM, MRC

4 min read | April 05, 2019 06:30 PM AEDT | By Team Kalkine Media

Hot Chili Limited

The Applecross-based Hot Chili Limited (ASX:HCH) is a mineral exploration company that operates primarily in Australia and Chile. It mainly explores for copper, gold, and molybdenum deposits, as well as silver co-products and has the Productora copper project located in Vallenar, Chile as its flagship property. To date, the company’s market cap stands at AUD 26.71 million. On April 5th, 2019, the HCH stock price soared by 25% to AUD 0.030.

Recently, Hot Chili announced that its Director Murray Edward Black has increased his stake from 10.49% to 11.16% in the company and the Director Roberto de Andraca Adriasola also bought 5,000,000 new ordinary shares. Besides, the asset management holding company, Sprott Inc. also increased its shareholding from 6.80% to 8.54%. For the half-year ended December 31st, 2018, the company posted a loss of $ 589,253 and the net cash and cash equivalnets stood at $ 829,181.

Evolve Education Group Limited

The Auckland, New Zealand-based Evolve Education Group Limited (ASX:EVO) offers early childhood education (ECE) services and operates via two key segments including ECE Centres and Home-based ECE. On April 5th, 2019, the EVO stock price zoomed up by 40.63% to AUD 0.225, reflecting an intra-day gain of AUD 0.065. The company has a current market valuation of AUD 28.77 million.

On April 5th, 2019, the company confirmed that its earnings for the financial year ended 31 March 2019 (FY19) will be within the prescribed guidance range whereby the underlying EBITDA is expected between NZD 13.2 million to NZD 13.6 million. Recently, UBS Group AG and its related bodies corporate purchased a 6.02% interest in the company. As per the Interim Financial Report for the six months ended December 31st, 2018, the total loss after income tax stood at $ 27.79 million, down on profit of $ 6.771 million in the prior corresponding period (pcp) ended December 31st, 2017. The net cash and cash equivalents were at $ 4.09 million at the end of the period.

Land & Homes Group Limited

Land & Homes Group Limited (ASX:LHM) is a Brisbane, Australia based property investment and development company that develops and rents residential, commercial, and mixed-use apartments. Its current market valuation stands at AUD 11.54 million with ~ 1.05 billion outstanding shares. On April 5th, 2019, the LHM stock’s last selling price soared high by 27.27% to AUD 0.014 with 345shares traded in total.

On March 27th, 2019, one of company’s Directors Mr. Choon keng Kho, acquired 14,450,000 new class A convertible notes ($ 289,000) of the company thereby increased its shareholding. As per the half-yearly results for the period ended December 31st, 2018, the Group’s revenue amounted to $ 131,709, up on $ 113,901 in the pcp. The loss from ordinary activities also increased by 15% to $ 1.599 million from $ 1.38 million in the pcp. As of December 31st, 2018, the net assets were valued at $ 10.31 million including cash and cash equivalents of $ 13,169.

Mineral Commodities Ltd

Mineral Commodities Ltd (ASX:MRC), headquartered in Welshpool, Australia, is a metals and mining company that explores and develops mineral resources (zircon, rutile, garnet, and ilmenite concentrates) in South Africa, Australia, and Iran. Its market valuation to date stands at AUD 67.37 million with ~ 421.09 million outstanding shares. On April 5th, 2019, the MRC stock price soared by 18.75% to AUD 0.190 with ~ 396,303 shares traded.

On the prior day, the company announced to have entered into a Share Purchase agreement with Norwegian private liability company, Leonhard Nilsen & Sonner – Eiendom AS (LNS) to purchase Skaland Graphite AS (owned 66% by LNS and 34% by Rana Gruber), which owns and operates the Trælen Mine and Skaland processing plant. Besides, in March 2019, Mineral Commodities’ wholly owned subsidiary MRC Graphite Pty Ltd signed a professional services agreement with Mondium Pty Ltd to begin early contractor involvement and front-end engineering and design for the Munglinup Graphite Project.


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